NASD Bourse Climbs 0.40% as Market Cap Hits N2.189trn

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange climbed further by 0.40 per cent on Thursday, August 28, with the market capitalisation rising by N8.64 billion to N2.189 trillion from the N2.181 trillion quoted at the preceding session, and the NASD Unlisted Security Index (NSI) expanding by 14.45 points to 3,659.70 points from the 3,645.25 points posted a day earlier.

Data from the alternative stock exchange showed that two securities appreciated and four securities depreciated at the close of transactions.

The price of Central Securities Clearing System (CSCS) was up by N3.00 to N50.00 per unit from N47.00 per unit, and Industrial and General Insurance (IGI) Plc gained 6 Kobo to end at 66 Kobo per share compared with the 60 Kobo per share it ended at midweek.

However, FrieslandCampina Wamco Nigeria Plc lost N2.73 to settle at N65.46 per unit compared with the previous day’s N68.19 per unit, NASD Plc depreciated by N1.56 to N27.89 per share from N29.45 per share, Lagos Building Investment Company (LBIC) Plc went down by 27 Kobo to N3.08 per unit from N3.35 per unit, and Afriland Properties Plc declined by 5 Kobo to quote at N19.85 per share, in contrast to the previous day’s N19.90 per share.

Yesterday, the volume of securities traded by investors shrank by 99.0 per cent to 535,298 units from 53.3 million units, the value of securities plunged by 91.2 per cent to N9.3 million from N106.2 million, and the number of deals decreased by 12.8 per cent to 34 deals from 39 deals.

At the close of business, Okitipupa Plc was the most traded stock by value on a year-to-date basis with 158.7 million units sold for N5.9 billion, trailed by Air Liquide Plc with 507.3 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 44.4 million units valued at N1.9 billion.

IGI Plc was the most active stock by volume on a year-to-date basis with 1.2 billion units transacted for N402.9 million, followed by Impresit Bakolori Plc with 536.9 million units traded for N524.8 million, and Air Liquide Plc with 507.2 million units valued at N4.2 billion.